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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (773)	1/18/2002 12:46:01 AM
From: bonnuss_in_austin	Read Replies (1) \| Respond to of 5185

LOL. I still think he's hitting the sauce again, tho. / eom

To: Patricia Trinchero who wrote (773)	1/18/2002 1:17:15 PM
From: Karen Lawrence	Respond to of 5185

That's funny, Pat. How about Ken Lay, selling his properties, planning to leave the country, possibly? PREMIER PROPERTIES Enron chairman selling 2 homes, lot in Colorado for $16.2 million By ED ASHER Copyright 2002 Houston Chronicle Broker Joshua Saslove, of Aspen, Colo., said his company put Enron Chairman Ken Lay's three properties -- two houses pictured above and a vacant lot -- on the market on Nov. 12, three days after Enron had agreed to be bought by rival energy company Dynegy Inc. Enron Chairman Ken Lay has put three of his four Aspen, Colo., properties up for sale for $16.2 million, or reportedly $3.6 million more than he paid for them since 1998. They include a 4,537-square-foot log and stone "cabin-style" home listed at $6.8 million and a 4,559-square-foot riverfront residence listed at $6.5 million. Both have hot tubs, security systems and lawn sprinklers. The larger house includes a "caretaker unit," according to the listing. The third property is a 20,266-square-foot vacant lot listed at $2.9 million. It has a building permit with plans for a home, said Aspen broker Joshua Saslove, owner of Joshua & Co. "They are premier Aspen properties located within walking distance of downtown," he said "We have had a substantial amount of interest in them." Lay and his wife, Linda, are not selling a 4,200-square-foot "cottage" they use in the summer and winter, he said. The Pitkin County assessor's office has valued it at $3 million. The "cabin-style" home is seven years old and was purchased by the Lays in November 1999. The two-story home has five bedrooms and five bathrooms. The other home, with "considerable" frontage on the Roaring Fork River, has four bedrooms and four bathrooms, Saslove said. Saslove said his company put the three properties on the market on Nov. 12, three days after Enron had agreed to be bought by rival energy company Dynegy Inc. for $9 billion in stock. Dynegy later backed out of the deal. "They seem to be in no great hurry to sell the homes," Saslove said. "But like any seller, I'm sure they would like to see some activity as soon as possible." Lay could not be reached for comment late Thursday. Saslove said he did not know how much the Lays would profit if all three properties sell at their listed prices. However, The Aspen Times said the couple would get a $3.6 million profit before taxes, or a 23 percent return on their investment.